Telekom Austria eyes 800 million euro hybrid bond: magazine
VIENNA (Reuters) – Telekom Austria is eyeing a hybrid bond issue of up to 800 million euros ($1. 06 billion) to help finance major investments, Austrian magazine News reported, citing Chairman Rudolf Kemler. In an interview published on Thursday, Kemler pointed to an Austrian auction of next-generation radio frequencies due in the second half of this year and the need to prolong existing frequency contracts. "We presumably don’t have (funds for this) in the Telekom group. That does not arise from current liquidity," he was quoted as saying. "But we will employ capital market instruments. . . .
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